good luck, you're a lot braver than me lol. Saying that, I know people (traders) that are actively in crypto, and they say they're mopping up. Because it's such a newb market and most people don't understand what they're doing (after learning useless shit on YouTube) it's just a case of picking off all the trapped traders.
Pretty much what I do on FX, just not enough opportunity for me to do it with my current broker yet. I can short 5 major coins but the spreads are ridiculous wide.
Haha, I managed to turn a relatively modest sum into a pretty decent sum within a few weeks by compounding daily. But, to be able to do that again, the entire crypto space needs to pick back up!
Do you trade BTCUSD with a forex broker? And if so, what's the spread like? I've used IC Markets for a long period of time because they usually offer the best spreads, but there's always a bit of a delay in executing trades at market. Tickmill doesn't have this problem but the spreads are worse.
Heres my tradeables and current spreads (vs USD)
Bitcoin 70
Ripple 1
Ether 8
Litecoin 3
Bitcoin Cash 12
Their pip system is a little strange, but it roughly equates to USD (ie 70 is $70 per 'lot')
oh and the margin required for Bitcoin is 25% !!! so at the moment for every lot of BTC I need to put up approx $3000...